ASIC argues the bank did not have adequate controls in place to prevent or detect unauthorised payments and failed to investigate scam reports within the specified timeframes required. HSBC customers are said to have lost approximately $23 million due to unauthorised transactions between January 2020 and August 2024, with $16 million occurring in just six…
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The ETF provides European investors with access to Saudi Arabia’s burgeoning bond market. Listed on the Xetra and London Stock Exchange, the fund aims to track the newly developed J.P. Morgan Saudi Arabia Aggregate Index. The index, created in collaboration with State Street Global Advisors, captures the performance of liquid USD- and SAR-denominated government and…
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Hong Kong Exchanges and Clearing Limited (HKEX) announced the launch of a Fund Repository on its Integrated Fund Platform (IFP), it revealed Friday, aiming to enhance transparency for over 2,000 Securities and Futures Commission (SFC)-authorised funds. Launched on 13 December 2024, the Fund Repository is said to provide streamlined access to essential fund information, supporting…
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The company said it sold its share of the Belgium-based financial market infrastructure company for a total consideration of €455 million. TCorp is the investment and financial management partner of the New South Wales (NSW) public sector and is considered a top 10 Australian investment manager, with $115 billion in assets under management. J.P. Morgan and…
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Through the collaboration, the company explained that Standard Chartered will deliver a range of services, including cash management, trading, and custody, strengthening the infrastructure supporting USDG and USDL in Singapore and the UAE. According to Paxos, both stablecoins are fully backed by US dollar reserves and operate under strict regulatory oversight. The company added that…
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The financial services and trading firm explained in a press release that BankPro combines private banking services with advanced investment and trading capabilities, offering an all-in-one application tailored to individual and corporate financial needs. The company added that it has leveraged its 25 years of expertise and $120 million in Tier 1 company capital. BankPro…
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Broadridge explains in its press release that the partnership "marks a significant milestone in the expansion of securities finance within the UAE and the broader Middle East region." By utilising Broadridge's advanced Securities Finance and Collateral Management (SFCM) solution, FAB will be able to broaden its reach in global fixed income and equity markets. Darren…
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The move enables clients to access Nord Pool, Europe’s leading physical power spot market, through TT’s advanced trading platform starting this December. This integration complements TT’s existing access to EPEX SPOT, another major European power market, creating a unified platform for trading Europe’s top two intraday physical power exchanges. The firm said market participants can…
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This index aims to improve access to Japan’s evolving equity market for global investors, reflecting the rising international interest in Japanese equities. The Prime Market, one of three restructured TSE segments introduced in 2022, concentrates on firms with strong market capitalisations and corporate governance standards. It is said to align with long-term growth objectives and…
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In a press release, Equiduct noted that Danske Bank, one of the Nordic region’s largest financial institutions, provides advanced services to retail investors for trading financial markets. The partnership expands the services available to Danske Bank’s retail clients, providing access to liquidity across 12 European markets and innovative, cost-effective real-time market data. Equiduct, a pan-European…
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